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US policymakers ponder tougher rules for cryptocurrencies

NEW YORK: US regulators on Tuesday joined a growing chorus of officials saying they may need new powers to regulate cryptocurrencies which pose risks the investing public does not recognize. Bitcoin and other digital currencies have seen demand soar in recent weeks along with their value, accompanied by a rise in questionable investment scams that has prompted increased attention by the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), the main agencies overseeing US…